A gram of gold was more expensive in Thursday by 5.44 lei (+1.7%) to a quotation of 323.3234 lei from 317.8798 let, as announced by the Central bank (BNR) the day before, thus reaching a new record value. The national currency slightly depreciated against the euro, which was calculated by BNR at 4.9740 lei, on the rise by 0.01 bani against the previous quotation of 4.9739 lei. Compared to the US dollar, the leu value went up, the American currency being quoted at 4.5556 lei, on the drop by 3.29 bani (-0.72%) compared to Wednesday, when it was 4.5885 lei. The national currency appreciated against the Swiss franc,calculated by BNR at 5.1028 lei, on the drop by 4.32 bani (-0,83%) against 5.1460 lei, the previous quotation. The spot price of gold exceeded on Thursday the level of 2,200 dollars per ounce, when the US Federak Reserve announced there were prospects for more interest rate drops this year, which suggests that Fed ifficials are alarmed by the recent inflation advance. Since mid February to the present day, the gold quotation went up by almost 12%, on the background of expectations referring to a more relaxed American monetary policy, an environment which usually leads to the depreciation of the US dollar but generates higher interest in gold as a refuge value, especially in the context of higher geopolitical risks. Lower interest rates from Fed are favorable to gold, which does not bring income to investors but makes other investments less attractive.
The Romanian Wind Energy Association (RWEA), the Romanian Photovoltaic Industry Association (RPIA) and the Renewable Energy Producers Organization in Romania (PATRES), representing members with a total installed capacity of over 6.5 GW, warn of the risk of a major bottleneck in the energy sector caused by the introduction, without a transition period and with an […]
Romania is emerging as one of the most dynamic markets for Turkish renewable energy investments, attracting growing interest from industrial and financial groups with regional exposure. Real grid connection opportunities for viable projects, infrastructure modernization potential, and investment framework stability make Romania a strategic destination for Turkish capital, at a time when Europe is accelerating […]
CATANE, the feature debut of director Ioana Mischie, has received an international nomination at the prestigious Hollywood Music in Media Awards for its original score composed by Emiliano Mazzenga. The film’s music has been selected among the top five film scores worldwide in the International Independent Film category. The film is the first Romanian production ever […]
Moldovan prime minister Alexandru Munteanu arrived in Bucharest on Thursday, November 13, for his first official foreign visit since taking office. He met with president Nicușor Dan and Romanian counterpart Ilie Bolojan before visiting the Parliament, where he met with the president of the Senate, Mihai Abrudean. After the first meeting, president Nicușor Dan stated […]
Bucharest maintains a steady flow of new office developments, with nearly 170,000 square meters of projects scheduled for delivery between 2026 and 2027, according to the latest Bucharest Office Marketbeat Q3 2025 report from Cushman & Wakefield Echinox. Despite a 25% drop in total leasing activity compared to last year, demand remained solid, with companies […]
The number of Romanians seeking work abroad has fallen to its lowest level in five years, according to new data from leading online recruitment platform eJobs. So far in 2025, only 106,000 applications were submitted for jobs outside Romania out of a total of 9.8 million, representing just 1.1% of all job applications. Employers abroad […]
